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Grace [21]
3 years ago
13

Ethel and Jan have just started a new​ company, Jantel,​ Inc., and are having trouble deciding which marketing path to take to d

rive sales. Ethel believes they should follow a​ make-and-sell philosophy that focuses on improving their​ product, whereas Jan believes they should be more​ customer-oriented and find the right products for their customers. Which of the following BEST describes this​ situation?A. Should​ Jantel, Inc., follow a product or selling​ concept?
B. Should​ Jantel, Inc., follow a societal marketing or production​ concept?
C. Should​ Jantel, Inc., follow a product or marketing​ concept?
D. Should​ Jantel, Inc., follow a marketing concept or a societal marketing​ concept?
E. Should​ Jantel, Inc., follow a production or selling​ concept?
Business
1 answer:
Elenna [48]3 years ago
5 0

Answer:

C) Should​ Jantel, Inc., follow a product or marketing​ concept?

Explanation:

The discussion here is that Ethel believes they should follow a product concept while Jan believes they should follow a marketing concept. Well, Jan is right and Ethel has been wrong for more than 100 years.

If Jantel Inc. is going to manufacture or produce some super groundbreaking mega exceptional product that everyone will want to have because of how great it is and how it will dramatically change their lives, then it's OK to follow a make and sell philosophy. That's the only reason why a company should only focus on how good your product is.

But if Jantel Inc. is not inventing something life changing as the iPhone or the PC, then they will have to be more consumer oriented. This has become a universal truth all around the world.

The world is full of thousands of great products that someone wants and needs to sell to you, but you only buy a tiny fraction of them. So as a customer, you decide which product to buy based on the seller's marketing actions.

The only possible exceptions to this rule are commodities, i.e. farmers grow soybeans and corn the best they can simply because someone will be willing to buy all they can produce.

So unless Janitel Inc. is a mining company, a farm or oil company, or Ehtel and Jan are the reincarnations of Steve Jobs, or they can invent a new type of breathable air (or some other super genius product), then they should definitely focus on consumers and marketing.

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<h3>Answer:</h3><h2>(C) Market Research</h2><h3>Explanation:</h3>

Market research is the method of getting information about your market. Preferably, this is precise information about your target market and the key determinants that control their buying decisions. Market research can be irregular and limited in scope and, although it may not be “statistically significant” research, it can still be helpful.

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3 years ago
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tangare [24]

Answer:

The correct answer is letter "B": maximize the current value per share of the existing stock.

Explanation:

Financial management collects several strategies to add value to the company in the long-term. This could be achieved by generating revenue sustainably and increasing the value per share of the firm's stock which boosts the value of the overall entity in the market.

<em>One of the most important goals financial management has is to maximize the stakeholders' wealth.</em>

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3 years ago
Which of the following is NOT true of confidence interval estimates of the difference between two population proportions?
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Spencer Inc. applies overhead to production at a predetermined rate of 80% based on direct labor cost. Job No. 130, the only job
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Answer:

Direct material= $5,600

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<u>First, we need to calculate the direct labor added to Work in Process:</u>

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In the United States of America, adoption tax credit qualified expenses include court costs, traveling expenses, lawyer's or Attorney's fee and other expenses for legal adoption of an eligible child.

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That is; $13,000-$4,000.

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Hence, the maximum amount of adoption credit they can take this year is $9,000.

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